Advocate
for Agreement and Sale Deed
Want to purchase a Flat? If Yes, Please Be
Careful so you may not fall prey to the
frivilious offers by decietfull builders and developers.
While purchasing the Flat
Property you should take the following care/ due diligence.
Prefer a ready to move property rather an under
construction property.If property
is ready to move see that if the project has any tie ups with nationalised
banks, if so the project is safe to invest because bank offers assitance to a
project or scheme, after due diligence.Or
else first thing to do is,to get the title search done.If title is clear than go for bank loan, because banks while
granting loan takes due diligence while lending financial assistance. This
again will be a safety check for verification and authentication of builder as
well as project, if there are any existing encumbrances on the said property.If
the bank is ready to sanction loan means there is absence of encumbrances like
mortgage or lease. The next comes in the checklist, is
verification with RERA.whether the
builder/ scheme is registered with RERA, if so, confirm that he has not been
blacklisted by the Authority.Another thing to take into account while considering
ready to move property is whether the scheme has been assigned completion
certificate and occupancy certificate which validates, that it is ready to move
property.If it is under construction property before giving
the token amount, check whether builder has got commencement certificate and
other approvals from the public authorities
like MSEB,MUNICIPAL CORPORATION or N.O.C from environmental dept.as well as
fire and safety department.
FOR MORE QUERIES PLEASE DO
CONNECT WITH VEDLEGAL
MAIL
ID – [email protected]
CONTACT-
+919763040088
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